Sec. 4. Any such assignee, having used due diligence in the premises, shall have his action against his immediate or any remote endorser, and in suit against a remote endorser, he shall have any defense which he might have had in a suit brought by his immediate assignee. Formerly: Acts 1861, c.75, s.4.
Assignee's right of action against endorsers; defenses
Ind. Code § 26-2-3-4, under Negotiable Instruments.
Ind. Code § 26-2-3-4